Exactly in a month’s time Chancellor of the Exchequer will present his first Budget to the Parliament. Below are my top 10 predictions for Budget 2020. Off-payroll/IR35 Implementation for the private sector – more likely to go ahead (I sincerely hope I am wrong...
We are two months into New financial year and best you finalise the Tax affairs of the previous Financial year soon. If your self-assessment is not submitted and tax is not paid on time, you will receive automatic £100 penalty from HMRC. Act now to ensure your Self...
This is a quick update about the ‘HMRC Payment on Account’ on your Self Assesment return. Please ignore this email, if you started your company on or after 6th April 2018; or if your Personal Self Assesment tax bill for Financial Year 2017/18 is less than...
Financial year for 2019/20 began on 6th April 2019. Here is a quick refresher of changes you need to be aware of. Personal Allowance Personal allowance (the annual amount you can earn before paying tax) for this financial year – rises from £11,850 to £12,500. If...
Making Tax Digital (MTD) for VAT is only few months away. From 1 April 2019, all VAT-registered UK businesses above the £85,000 VAT threshold will need to keep records digitally and submit VAT returns to HMRC using MTD-compatible software. Over the coming months,...
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